Energy Headlines Libya

Libya: LNA confirms full control of Sharara oilfield

East-based Libyan National Army (LNA) opposed to the UN-backed Government of National Accord (GNA) headquartered in Tripoli, has confirmed its full control of the Sharara oilfield, the country’s largest. Spokesman of the LNA Monday on Twitter said the Sharara oilfield in the southern Libyan desert, which produces a third of Libya’s 1 million barrel per […]

Egypt Headlines

Egypt: Parliament fast-tracks vote on proposed constitution amendment to extend al-Sisi’s stay in power

The Egyptian parliament will meet Wednesday instead of Feb.17 to vote on the proposed changes to the constitution that would allow incumbent leader Fattah al-Sisi to remain in power beyond his current last term that ends in 2022. Parliament spokesman announced Sunday the rescheduled session in the pro-al-Sisi dominated house. The House last week approved […]

Africa Energy Headlines International

Energy: Financial boost for 44-MW dam in Côte d’Ivoire

The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. “As our first equity investment […]

Europe Headlines International Morocco

King of Spain & Spouse on official visit to Morocco this week

King Felipe VI of Spain and Queen Dona Letizia will pay an official visit to Morocco on February 13 and 14, at the invitation of King Mohammed VI, announced on Monday the Ministry of the Royal Household, Protocol and Chancellery in a statement. The two Sovereigns will hold official talks and will preside over the […]

Business Headlines Morocco

Morocco: King receives new head of the Hassan II Fund for Economic & Social Development

King Mohammed VI received this Monday, at the Royal Palace in Rabat, Dounia Ben Abbas Tâarji, who was appointed last week President of the Executive Board of the Hassan II Fund for Economic and Social Development. Although the official news agency MAP, which reported the news, did not give any details about the content of […]

Africa Finance Headlines International Morocco

Morocco spends 90% of its FDI in Sub-Saharan Africa

Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]

Americas Headlines International Morocco

Morocco among 4 Top Popular Destinations for US Travelers

Morocco is among the top four fastest-growing international destinations for US travelers, according to travel insurance comparison site Squaremouth, which has released its latest list of the rising destinations worldwide. While last year’s top spots were Iceland, Portugal and Vietnam, this year has brought an entirely new list of popular destinations including Morocco as the […]

Africa Headlines International Morocco

AU Summit: Rabat Renews Willingness to Share its Agricultural Experience with African Countries

Head of Moroccan Govt, Saad Eddine El Othmani, voiced on Sunday at the 32nd summit of the African Union currently held in Addis Ababa, his country’s willingness to share its successful agricultural experiences with African countries. Addressing a high level session on “Africa Agriculture Transformation Scorecard (AATS), El Othmani underlined the positive results yielded by […]

Europe Headlines International Morocco

Spain hands to Morocco 106 year-old theatre In Tangier

Spain gave ownership of the 106 year-old theatro cervantes to Morocco after a long shutdown in return for its restoration. The theatre will be handed to Morocco following a decision of the Spanish government in return for maintaining the Spanish cultural character of the monument. Another condition includes the creation of a Spanish cultural center […]

Algeria Headlines

Algeria: Former PM to head Bouteflika’s elections campaign team

Abdelmalek Sellal, the ex-Algerian Prime Minister, will head the campaign team of President Abdelaziz Bouteflika who has officially announced his plans to run for a fifth term in office Sunday. According to the state-run news agency APS, which also announced Bouteflika’s candidacy for a fifth five-year term in April’s elections, Sellal was appointed to the […]